• Transactions & Dealings >> Interest & Insurance

    Question ID: 42509Country: India

    Title: Interest

    Question: My relative has deposited Rs. 200000 in bank for double amount after six years. He will get Rs. 400000 in few months. But interest is haram in Islam. So we are planning to take only Rs.200000. So please tell me where we should give interest amount Rs.200000. I am having niyat to go for 4 month's Jamat from this 24 Nov, pray for me.

    Answer ID: 42509

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1753/1116/L=1433) This amount should be given in charity to poor and needy one without an intention of reward. It is the ruling of interest money; it is not lawful to spend interest money in personal use.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India